Feckheimer v. National Exchange Bank
Supreme Court of Virginia
Appeal from decree of corporation court of city of Norfolk, rendered 24th June, 1882, in the chancery cause wherein Martin S. Feckheimer is plaintiff and the National Exchange Bank of the city of Norfolk is defendant.
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Appeal from decree of corporation court of city of Norfolk, rendered 24th June, 1882, in the chancery cause wherein Martin S. Feckheimer is plaintiff and the National Exchange Bank of the city of Norfolk is defendant. On 8th May, 1866, the firm of Lublin & Steiner, doing business in Norfolk and elsewhere, failing, conveyed by deed all their property, real and personal, to said Feckheimer as trustee, to secure certain debts, and to do whatever was necessary to effect the objects of the trust. Lublin & Steiner owned twenty shares of the stock of said bank, worth $100 a share. Trustee applied to…
1Opinion of the CourtLacy, J.
In the argument here the counsel for the appellee insists that the bank was entitled to hold the stock and to refuse its transfer until its debts due by the firm of Lublin & Steiner had been paid and satisfied; and further, that however that might be, there was no jusisdiction in equity in the case, that the remedy of the plaintiff was adequate at law, &c.
*82The first proposition has been well settled by recent decisions of the supreme court of the United States. The 36th section of the national banking act, approved June 3d, 1864 (section 5,201 U. S. Rev. Stat.), under which act the said bank…
2Cases cited5 opinions
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- Bullard v. BankSupreme Court of the United States · 1874
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